Bridge Secures Planning Consent for First UK Industrial Development
(April, 5, 2022) Bridge Industrial (“Bridge”), the US-based industrial real estate operating company and investment manager, has achieved planning consent for Bridge Point Uxbridge, its first UK development.
Planning approval has been given by the London Borough of Hillingdon for a single, detached, 50,315 sq ft prime last mile warehouse / industrial unit on Riverside Way, Uxbridge UB8. Work will start on site in Q2 this year to demolish the existing office building upon vacation of the current tenant to create a Class A, sustainable new building to serve the last mile sector.
The 2.30-acre (0.93 hectare) site, located in Riverside Way Industrial Estate, has two access points and fronts Riverside Way which is accessed from the A4007, providing good connections into Central London and to the UK motorway network.
Completion of the project is scheduled for Q1 2023 and Bridge Point Uxbridge has now been brought to the market, available to let through retained agents Savills and Cogent Real Estate.
Paul Hanley, Bridge’s London Partner, comments: “We are, of course, thrilled to secure our first planning consent in the UK. Thank you to Hillingdon Council and everyone involved for their hard work in getting to this point in the development process. We are all set to start on site upon the vacation of Starlight Designs at the end of their lease in May, with completion of this high-quality facility in Q1 2023, as planned.”
Bridge acquired the Uxbridge site in July 2021 – along with a site in Barking – following its launch in the UK in November 2020. These site acquisitions were preceded by the purchase of what will become Bridge Point Southall in May 2021 and followed by two further transactions in Croydon and Weybridge.
Paul adds: “We are continuing full steam ahead with the planning process for our four other current development projects within the M25 and look forward to announcing more good news on planning applications and further site acquisitions soon.”
Bridge is actively pursuing land and development opportunities throughout Greater London, the South East, and the West Midlands.
